Walleye Capital LLC Invests $256,000 in Hub Group, Inc. (NASDAQ:HUBG)

Walleye Capital LLC acquired a new position in shares of Hub Group, Inc. (NASDAQ:HUBGGet Rating) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 3,606 shares of the transportation company’s stock, valued at approximately $256,000.

Other large investors have also recently modified their holdings of the company. Mutual of America Capital Management LLC increased its position in shares of Hub Group by 5.3% during the 1st quarter. Mutual of America Capital Management LLC now owns 4,886 shares of the transportation company’s stock valued at $377,000 after purchasing an additional 245 shares during the last quarter. State of Alaska Department of Revenue increased its position in shares of Hub Group by 8.8% during the 2nd quarter. State of Alaska Department of Revenue now owns 25,738 shares of the transportation company’s stock valued at $1,825,000 after purchasing an additional 2,090 shares during the last quarter. Mairs & Power Inc. increased its position in shares of Hub Group by 11.8% during the 1st quarter. Mairs & Power Inc. now owns 120,187 shares of the transportation company’s stock valued at $9,280,000 after purchasing an additional 12,686 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of Hub Group by 2.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 32,982 shares of the transportation company’s stock valued at $2,547,000 after purchasing an additional 794 shares during the last quarter. Finally, VELA Investment Management LLC increased its position in shares of Hub Group by 7.4% during the 1st quarter. VELA Investment Management LLC now owns 70,468 shares of the transportation company’s stock valued at $5,441,000 after purchasing an additional 4,867 shares during the last quarter. Institutional investors own 94.21% of the company’s stock.

Hub Group Price Performance

HUBG opened at $81.58 on Friday. Hub Group, Inc. has a 12-month low of $60.81 and a 12-month high of $89.61. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.14. The business’s fifty day simple moving average is $74.81 and its 200-day simple moving average is $75.14. The company has a market capitalization of $2.71 billion, a price-to-earnings ratio of 7.62 and a beta of 0.95.

Analyst Ratings Changes

HUBG has been the topic of several analyst reports. Susquehanna boosted their target price on Hub Group from $115.00 to $117.00 and gave the company a “positive” rating in a research report on Wednesday, August 10th. Wells Fargo & Company cut their price objective on Hub Group from $96.00 to $95.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 12th. Cowen upped their price objective on Hub Group from $109.00 to $119.00 and gave the company an “outperform” rating in a research report on Thursday, August 4th. StockNews.com raised Hub Group from a “hold” rating to a “buy” rating in a research report on Sunday, November 13th. Finally, Morgan Stanley upped their price objective on Hub Group from $83.00 to $86.00 and gave the company an “equal weight” rating in a research report on Monday, October 31st. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $97.40.

Hub Group Company Profile

(Get Rating)

Hub Group, Inc, a supply chain solutions provider, offers transportation and logistics management services in North America. The company's transportation services include intermodal, truckload, less-than-truckload, flatbed, temperature-controlled, and dedicated and regional trucking, as well as final mile, railcar, small parcel, and international transportation.

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Institutional Ownership by Quarter for Hub Group (NASDAQ:HUBG)

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